Greece teetering on the edge

The growing political uncertainty within Greece and fears that European policymakers will not step in and take decisive action to resolve the crisis has pushed the Greek Government closer to the brink.  Admittedly, it seems likely that enough financial support will be in place to avoid a default in the near term. But we still think that Greece will eventually undertake a major debt restructuring and that Greece may eventually conclude that it is in its best interests to abandon the single currency too.